Online filing of Income Tax returns increases 40% As Compared To Last Year

E-filing of Income Tax Returns for financial year 2012-2013 has increased by 40% in July, as compared to the same time last year. Till July 29, more than 82 lakh returns have been e-filed, the government said.

On July 30, at its highest, 85,000 returns per hour were e-filed with total of 6.23 lakh returns on the given day.

For the assessment year 2013-2014, the government has brought down the mandatory limit of e-filing of tax returns to income exceeding Rupees 5 lakh. Until last year, i.e. FY 2011-2012, the mandatory limit was on income more than Rupees 10 lakh. This move will certainly give a boost to the e-filings in India as more people lie in this lower income bracket.

The Indian government has increased the due date of filing returns of income to August 31 from July 31 in state of Uttarakhand, considering the recent calamities and devastation.

We compared few similar portals on the basis of the traffic they received in past one month:Efiling-stats of various portals,  last 1 month

Filing online tax returns through Indian government website is free of cost but e-filing intercessors charge a fee which varies as per the services. According to a report, of all the tax returns filed last year, nearly 50% were done online.

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